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舞台演艺灯光设备位于产业链中游
舞台演艺灯光设备位于产业链中游
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图片大小：257KB
图片尺寸：1819*816
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所属报告：
浩洋股份-公司研究报告-受益全球演艺复苏的舞台灯光设备商-230717（26页）.pdf
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舞台设备与下游景气度高相关，品牌溢价与终端价格不敏感促成高毛利 舞台设备位于演艺产业链中游，与下游行业景气度高度相关。舞台设备的上游主要是原材料厂商，包括电气电子、五金、光学元件、光源、印刷及包装材料等，供应商数量众多且竞争较为充分。舞台设备的下游主要分为固定安装类和设备租赁商。固定安装类客户主要 采购固定 使用的灯具，一般设备损坏或更换节目时才会 对灯光进行调整更换，灯具更换周期较长。设备租赁商由于频繁出借，且需要市场上最新的设备去获取更多的演艺活动承办商的项目，更新周期较快。因此舞台灯光设备的景气度十分依赖于下游演艺行业的发展。
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浩洋股份-公司研究报告-受益全球演艺复苏的舞台灯光设备商-230717（26页）.pdf
2022年舞台娱乐灯光设备毛利率为50.7%
2023Q1公司毛利率/净利率同比+3.2pp/+3.7pp
2022/2023Q1公司归母净利润同比增长162.0%/62.7%
2022/2023Q1公司营业收入同比增长97.8%/42.5%
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